Origami Risk Launches Package of Generative AI Solutions for Risk Managers
May 02 2024 - 11:51AM
Business Wire
Origami champions a ‘safe and strategic’
approach to AI for the risk and insurance community
Origami Risk, the industry-leading risk, safety, and insurance
Software as a Service (SaaS) technology firm, will launch its new
package of Generative AI (GenAI) solutions for risk managers at
RIMS in San Diego next week as it urges risk managers to take an
informed approach to adopting and integrating the latest artificial
intelligence tools.
In response to the acceleration of GenAI, Origami is launching
two prototypes that aim to safely guide risk and insurance
professionals through the strategic adoption of AI. It has also
introduced a GenAI Product Pilot Program, which enables a selection
of Origami’s clients to help shape the development of Origami’s own
AI features.
Origami has developed AI Risk Identifier to support risk
managers in the planning phase of their AI journey. AI Risk
Identifier assesses potential AI use cases (both in progress or
pre-development) to identify and mitigate the risks involved. It
will also determine the risks and opportunities associated with
different potential use cases so risk managers can strategically
prioritize their activities and mitigate the risks associated with
them.
Origami’s GenAI Pilot Program has gathered several of the
firm’s clients to pilot potential future use cases for the
business. These include the ability to review audit responses and
use Open AI to recommend potential corrective action for
low-scoring areas. It also features technology to quickly summarize
claims and compose task lists and emails.
Audit Accelerator has been developed in
partnership with Origami’s subsidiary Dais. The technology runs
safety audits at scale, without a human bottleneck, wherever there
is a live camera. From a simple photo upload, businesses will
increase their efficiency by potentially removing the need for
people to perform physical safety audits across multiple sites in
multiple locations. A visual dashboard allows clients to see a
basic comparison of claims frequency and severity based on both
before, and after Audit Accelerator was implemented. All of these
initiatives will be integrated into Origami’s single platform,
making it simple for risk professionals to access and utilize these
tools within a secure, cloud-based environment,
In its upcoming ‘State of Risk’ report, which surveys the
attitudes and opinions of 240 risk professionals across Europe and
North America, Origami found that although 1 in 4 do not rank GenAI
as a priority for their organization, over a third of responders
are actively in discussion or planning phase.
Earne Bentley, President of Risk Solutions, Origami Risk
remarked: “The risks associated with AI are very real and
rapidly evolving. But the risks, in the form of lost opportunities,
are even greater in the long run for organizations that do not move
forward with well-governed, AI-enabled processes. Our State of Risk
report highlights that although few risk professionals rate GenAI
as a priority for their business, many are working on its
applications anyway. We’re concerned that in the rush to embrace
the possibilities of this evolving technology, many professionals
may abandon best practices and create bigger problems for their
organizations in the long run.”
He continued: “Our package of GenAI solutions represents
a safe, strategic and purposeful approach to these technologies
that will help risk managers to safely explore and adopt GenAI in a
robust and sustainable manner.”
This news follows the announcement of AI-driven claims
optimization capabilities thanks to Origami’s partnership with
CLARA Analytics. The partnership gives Origami’s clients access to
tried and trusted machine learning, predictive AI, natural language
processing (NLP), and generative AI (GenAI) to increase claims
efficiency.
About Origami Risk Origami Risk provides truly integrated
SaaS solutions that simplify risk, insurance, compliance, and
safety management. Origami delivers its highly configurable RMIS,
GRC, EHS, and healthcare risk management solutions from a secure,
scalable platform that includes tools for centralizing data,
automating critical workflows, and providing insights into risk and
safety initiatives. A singular focus on client success underlies
Origami’s approach to developing, implementing, and supporting
their innovative, award-winning software. Visit origamirisk.com or
contact us at info@origamirisk.com to learn more.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240502073028/en/
Al Modugno, 917-414-4569, al.modugno@yahoo.com